Which of the following occurs when party A would like to change his behavior if party B would change hers, and vice versa, and yet the two changes do not take place because the decisions of A and B are made independently?

The time interval in which suppliers can change the quantity of all the resources they use to produce goods and services is called

a. the short run b. the long run c. equilibrium d. the supply schedule e. excess supply

If a country's per capita GDP is initially $100 and then grows for 3 years at 8 percent per year, its per capita GDP at the end of the three years will be around $10,000

a. True b. False Indicate whether the statement is true or false